455: Philip Diehl—Flying Over the Hump
The Way I Heard It with Mike Rowe
The Way I Heard It with Mike Rowe
4.9 • 40.8K Ratings
🗓️ 21 October 2025
⏱️ 112 minutes
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Summary
Mike chats with Philip Diehl, the 35th Director of the U.S. Mint and the man behind the most successful coin program in American history—the 50 State Quarters. They talk about the surprising history of the U.S. dollar coin, how a coin gets designed and approved, and the unexpected reason why the mikeroweWORKS Trades Coin—a symbol of American skill and pride—wasn't actually made in the America.
Transcript
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| 0:00.0 | Hey guys, it's Mike Rowe. This is the way I heard it. My guest today is Philip Deal, |
| 0:08.4 | the former director of the U.S. Mint, a former director. He was the 35th director in all of history |
| 0:16.9 | of the U.S. Mint. This guy is so interesting in so many different ways. You'll hear us mention |
| 0:25.2 | a meeting in Liechtenstein, and it's the truth. I met Philip Deal in a bar in Lichtenstein with |
| 0:33.2 | another former director of the U.S. Mint named Ed Moy. |
| 0:39.1 | And these guys today both work with U.S. Money Reserve. |
| 0:43.0 | In fact, Philip Deal is the current president of U.S. Money Reserve. |
| 0:46.7 | And full disclosure, I do some work with U.S. money reserve. |
| 0:52.4 | This is not a commercial for them in any way. It wasn't paid for them. I just want to |
| 0:55.9 | get that out of the way. But my meeting in Liechtenstein with Philip Diehl over a civilized |
| 1:01.6 | cocktail turned into one of the most interesting conversations I can remember having by accident. |
| 1:07.3 | And I've had a few. Yeah, you have. And so he was just one of those guys. I said, |
| 1:12.3 | you know, if we ever become friendly enough, I'm going to invite him on here because the thing is, |
| 1:17.3 | Chuck, you really can't talk about currency without talking about history. And you can't talk about |
| 1:23.0 | history without talking about politics. You can't talk about politics without talking about, in his case, |
| 1:28.0 | God, everything from social anthropology to some very arcane liberal arts majors that brought him. |
| 1:34.7 | He's such an interesting cat with such an interesting job at this point in his life. |
| 1:42.4 | And it's just a ton of experience sitting there, you know. But as the U.S. Mint director, he's responsible for some pretty cool things. The Sacajawea coin, right? Number one. But really, we didn't spend a ton of time on this, but the state quarters. Yeah. That was his deal. Yeah. Like, play on his name. His name is deal. |
| 2:01.6 | His name was deal. |
| 2:01.9 | Yeah. |
| 2:02.5 | Still is. What's the deal with deal? |
| 2:03.4 | Right? |
... |
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